Menu

Bitcoin Price over 700$ second time this year

According to Bloomberg, the Chinese yuan traded in Shanghai’s spot market, fell 1.6 percent so far this month to 6.7808 a Dollar. That’s the most since the People’s Bank of China weakened its exchange rate by 4.4 percent in three days in August 2015. As we all know, when the Yuan/Renminbi drops, China moves in on Bitcoin, and Friday was no different. Like a leak in a dam, there was too much energy to keep Bitcoin at bay this time, and Bitcoin peaked at almost $705 on BitcoinAverage.com. First days of the new week, we just experienced 725$